Healthaxis up, to process health claims for CBCA

Published 6:00 pm, Tuesday, January 11, 2005

Healthaxis Inc. stock jumped Wednesday after the company said it would process health claims for benefits-management firm CBCA Inc. in an effort to lower the overall cost of adjudicating and paying claims.

Financial details weren't disclosed.

Healthaxis's shares closed up $1.12, or 53 percent, to $3.22 on the Nasdaq Stock Market.

Privately held CBCA of Fort Worth manages plans for more than 400 clients worldwide and handles more than $1 billion in claims a year.

Irving-based Healthaxis on Wednesday said it will manage and process all paper and electronic claims and plans to begin work on the project in the first quarter.